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consolidation

Pronunciation: [/kənˌsɑləˈdeɪʃən/]

Word

Learn how to use consolidation in a sentence: 6 audio examples across 2 meanings.

Context: “business”

(noun) the act of combining different things into one to make them stronger or more effective. Like when companies merge to become bigger and more powerful.

Example

The consolidation of the two companies led to increased efficiency and market share.

Example

The consolidation of departments was met with resistance from employees who feared layoffs.

Example

How does consolidation benefit businesses in the long run?

Context: “finance”

(noun) the process of combining multiple financial accounts or debts into a single account or payment. It helps simplify money management and reduce interest payments.

Example

Through consolidation, she was able to streamline her debt payments and save on interest.

Example

He struggled with debt consolidation due to high interest rates and unexpected fees.

Example

What steps should be taken before considering debt consolidation?

How to pronounce consolidation

Pronunciation: [/kənˌsɑləˈdeɪʃən/]

Listen and repeat as many times as you need.

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